Tata Motors India Ltd. has announced a significant increase in its consolidated net profit for the first quarter ending June 2024. The company reported a profit of ₹5,566 crore, marking a 74% year-on-year rise from ₹3,203 crore in the same quarter last year.
Financial Highlights
- Net Profit: ₹5,566 crore (up 74% year-on-year)
- Revenue: ₹1.08 lakh crore (6% increase year-on-year)
- EBITDA: ₹15,785 crore (19% increase year-on-year)
- Operating Margin: Expanded to 14.6% from 12.9% in the previous year
Performance Details
- Revenue Growth: Tata Motors saw its revenue grow by 6% from ₹1.02 lakh crore last year to ₹1.08 lakh crore this quarter.
- EBITDA Growth: Earnings before interest, tax, depreciation, and amortization rose by 19%, reflecting improved operational efficiency and cost management.
| Metric | Current Quarter (Q1 FY2024) | Previous Year (Q1 FY2023) | Change |
|---|---|---|---|
| Net Profit | ₹5,566 crore | ₹3,203 crore | +74% |
| Revenue | ₹1.08 lakh crore | ₹1.02 lakh crore | +6% |
| EBITDA | ₹15,785 crore | ₹13,287 crore | +19% |
| Operating Margin | 14.6% | 12.9% | +1.7 percentage points |
Future Outlook
- Global Demand: Tata Motors anticipates that global demand will remain subdued in the near term.
- Domestic Demand: The company expects a gradual improvement in domestic demand, driven by continued investments in infrastructure, favorable monsoon conditions, and festive season sales.
- Commodities: Commodity prices are expected to remain stable, providing some relief to the automotive sector
